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Launched · SEC filings

State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

EFAXNYSE ArcaSPDRA

$53.34+0.20 (+0.39%)

As of Nov 2, 2026, 3:57 PM ET

A71/ 100

Rank 5 of 18 in International ESG & Values Index

A71/100Rank 5 of 18inInternational ESG & Values Index
Intraday session: up, 79 prints from 53.13 to 53.34. Range 52.76 to 53.77. Use the arrow keys to read each point.52.8053.0053.6053.8010 AM12 PM2 PM4 PM
Expense ratio
0.20%
Fund size
$487M
1Y total return
+10.3%
Yield · Last 12 months
3.21%
Holdings
639
Avg volume · 30D
18.7K sh
52W range
low $47.86high $56.51
Launched
Filings
SEC EDGAR

The ETF.net EFAX Grade

A

Score 71 out of 100

Category
International ESG & Values Index⁠
Rank
5 of 18
Six-pillar profile for EFAX. Scores out of 100: Cost 68, Risk 44, Mission 100, Tradability 56, Holdings 71, Durability 75. Strongest: Mission (100). Weakest: Risk (44). Leans toward Mission.

Score 71 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B68 out of 100
    Rank 6 of 18

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 15

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C44 out of 100
    Rank 12 of 18

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B56 out of 100
    Rank 8 of 18

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A71 out of 100
    Rank 7 of 18

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A75 out of 100
    Rank 4 of 18

Our read on EFAX

ETF.net Research

In short

AMost ESG funds rebuild the developed-market index around ratings. EFAX makes one cut: companies that own fossil fuel reserves are out. The rest of the EAFE lineup stays put.

Stated mandate

The fund seeks to provide returns generally corresponding to the MSCI EAFE ex Fossil Fuels Index before fees and expenses. The index screens the developed-market MSCI EAFE universe to exclude companies with specified fossil-fuel reserves.

Why people hold it

  • One legible rule: start with MSCI EAFE, drop the companies that hold fossil fuel reserves. No ratings black box to decode.ssga.com
  • Still a core-shaped fund, not a narrow slice: about 600 stocks across developed Europe, Australasia and the Far East.
  • 0.20% a year, a shade under the typical fee in its international ESG peer group, from a State Street fund running since 2016.

Worth knowing

  • The screen targets reserves ownership, not emissions or labor practices, so refiners, utilities and heavy fuel users can still make the cut.
  • Cheaper routes exist on the same aisle: VSGX at 0.10% and DMXF at 0.12% apply broader ESG screens for less.
  • Thinly traded next to the category's giants, so the bid-ask spread is a bigger slice of what it costs to get in and out.

EFAX Performance

Launched Oct 24, 2016

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

EFAX$11,032
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. EFAX $11,032. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for EFAX. Periods over one year show the average yearly return.
PeriodEFAX
Year to date+6.9%
1 month−0.8%
3 months−2.8%
1 year+10.3%
3 yearsper year+18.9%
5 yearsper year+7.6%
10 yearsper year+8.7%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for EFAX
YearReturn barEFAX
2026 YTD+6.9%
2025+31.3%
2024+4.8%
2023+18.0%
2022−16.7%
2021+10.5%
2020+9.5%

EFAX in the news

EFAX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
3.21%Last 12 months
Payout per share
$1.71Last 12 months
Last payment
$0.80 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 21 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.11; Jun 16, 2017 $0.47; Sep 15, 2017 $0.12; Dec 15, 2017 $0.35; Jun 1, 2018 $0.58; Dec 21, 2018 $0.34; Jun 3, 2019 $0.62; Dec 20, 2019 $0.36; Jun 1, 2020 $0.33; Dec 18, 2020 $0.33; Jun 1, 2021 $0.55; Dec 17, 2021 $0.53; Jun 1, 2022 $0.63; Dec 16, 2022 $0.32; Jun 1, 2023 $0.71; Dec 15, 2023 $0.34; Jun 3, 2024 $0.67; Dec 18, 2024 $0.42; Jun 2, 2025 $0.77; Nov 25, 2025 $0.90; Jun 1, 2026 $0.80. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 1, 2026Jun 5, 2026$0.80
Nov 25, 2025Dec 2, 2025$0.90
Jun 2, 2025Jun 6, 2025$0.77
Dec 18, 2024Dec 24, 2024$0.42
Jun 3, 2024Jun 7, 2024$0.67
Dec 15, 2023Dec 22, 2023$0.34
Jun 1, 2023Jun 8, 2023$0.71
Dec 16, 2022Dec 23, 2022$0.32
Jun 1, 2022Jun 8, 2022$0.63
Dec 17, 2021Dec 27, 2021$0.53
Jun 1, 2021Jun 8, 2021$0.55
Dec 18, 2020Dec 28, 2020$0.33

See all 22 payments⁠

$10,000 in EFAX 10 years ago paid $3,461 in dividends.⁠

EFAX Risk

Risk pillarC44 out of 100Rank 12 of 18 in International ESG & Values Index
How much the fund’s monthly returns vary, scaled to a year.
12.3%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.12
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−31.2%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.98
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

EFAX Cost

Compare EFAX and VSGX

Overpaying vs VSGX, cheapest in International ESG & Values Index

$2,049

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EFAX 0.20%

    $4,155

  • VSGX 0.10% Cheapest

    $2,106

$10,000
30 years

Cost over time

  • EFAX 0.20%
  • VSGX 0.10%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530EFAX $4,155VSGX $2,106

Year by year

YearEFAXVSGXOverpaying
10$365$183$182
20$1,421$717$704
30$4,155$2,106$2,049

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